According to our report on 3rd January 2014, mentioning the break down of Nifty on daily charts and we have initiated to go short on Nifty around 6250 - 6350 levels. We have advise our clients to book partial profits in short positions, gaining around 4% in Nifty in 20 days. Similarly we have initiated short positions in selected banks and some metals stocks which has earned good profits. Happy trading and looking forward for better association in future with all our clients. Disclaimer:“The information contained in this report is provided by Metcon Finance Ltd. in good faith and provides information and general advice only. No direct or implied recommendations are given in the material. It has been provided without taking into account your investment objectives, financial situation and particular needs. Before making a decision on the basis of any information contained in this site you need to consider, with or without the assistance of a Representative, whether the information is appropriate in light of your particular investment needs, objectives and financial circumstances. You should always obtain a relevant Product Disclosure Statement and read it. The information is derived from sources believed to be accurate and current as at the date indicated in the respective sections of this report. Neither Metcon Finance Ltd. nor any of its directors, employees or any representatives give any representation or warranty as to the reliability, accuracy or completeness of the information, nor do they accept any responsibility arising in any way (including by negligence) for errors in, or omissions from, the information. Metcon Finance Ltd. disclaims all responsibility for any loss or damage which any person may suffer from reliance on the information and material on this web site or any opinion, conclusion or recommendation in the information and material whether the loss or damage is caused by any fault or negligence on the part of Metcon Finance Ltd., its officers, employees, agents and associates or otherwise. All the data retrieved and the reports prepared by MFL are only information-based services to our clients and should not to be construed as an offer to buy or sell any securities in any jurisdiction where such offer or solicitation would be illegal.”
Posted on: Tue, 28 Jan 2014 12:19:21 +0000
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